System Developer / Creator: Tobias S. (HolyFire) Brief Technical Overview by Author: Follow the rules and expect ITM ratio of approx: 75 – 80% Tested on based on Gold / AUD / USD EUR/ USD and GPB USD Traded mostly on: Initial 3 hours of London Session...
Daily price broke Ichimoku cloud from below to above on Friday with good bullish breakout and came to the bullish area of the chart: price was stopped by 1156.65 resistance level for the ranging market condition with the following key support/resistance levels: 1170...
Fundamentals for EUR/GBP: neutral. "We like buying EURGBP as the pair will be supported in times of risk-off. The trade does well for three reasons. First, the current account deficit works against GBP in times of risk-off. Second, UK data have weakened relative to EMU recently...
Fundamentals for USD/JPY: neutral. "We expect JPY to be a relative outperformer over the near term for two reasons. First, weakness in China and the latest selloff in EM FX is likely to weigh on risk appetite more broadly. JPY tends to outperform in periods of risk aversion...
USDJPY: With USDJPY seen trapped in a range, it now searches for directional moves. Until its breaks out either way, we expect its consolidation price action to continue. On the upside, resistance resides at the 120.50 level with a turn above here aiming at the 121.00 level...
We have moved pending #orders in #EURUSD to extremes of newly created #fractals, closer to the #price. The #price dynamics is quite sluggish yet, but everything can change during the U.S. session. Find out more by checking out the Source Link...
We have fixed a small loss on a long position in #USDJPY on a signal of the bar closure below the red Alligator's line. At the moment, fractals are rather far the current price level. Find out more by checking out the Source Link...
Spanish financial markets jumped on Monday before slipping into the red after regional elections in Catalonia, welcoming a result that although secessionists won a parliamentary majority, there appeared not to have advanced a broader case for independence from Spain...
#Gold is under pressure prior to speeches of two senior #Fed officials, Dudley and Evans. The possibility of the rate hike is bearish for the precious metal. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Fundamentals for EUR/USD: neutral. "Draghi and other ECB members were unable to provide new information on policy tools they could use, so the EUR weakness (as markets priced in a deposit rate cut) was limited...
As you can see we went down all way long from S&D figure #1 (overbought) and till our S&D at figure #2 (oversold) now we can see we been at that level 3 times and now its our 4th time based on a DAILY chart -very- strong level here that takes up for an upward movement (bullish...
USD/JPY Today with Fundamental pressure for SELL [See FxStreet Source] however, we might expect a rise after we fall down to the 119.0 level based on the last two falls we had. Now we will NOT take this long UNLESS we have fundamental support for this rise (bullish) action. 4 Source: ForexEasy...
If we break underneath MA 100 (Aqua) with Fundamental support we might potentially gain some further great PIPs on bearish movement. Served by: www.ForexEasy.CLUB...
#Gold is rising as #investors temporary lost their risk appetite, and it seems that #bulls are in a forceful mood. We should pay attention to already formed chart pattern "triangle", borders of which quotes will leave sooner or later. Find out more by checking out the Source Link...
The "cable" is near the five-month support level and still in borders of a short-term downward #price channel. The future direction may be determined in coming days or even hours, when the U.S. consumer spending data will be released. Find out more by checking out the Source Link...
Daily price is on ranging market condition located between bearish and bullish area of the chart with the following key support/resistance levels: 1.1713 key resistance level located far above Ichimoku cloud in the primary bullish area of the chart; 1...
Asian #stocks traded mixed and the #yen declined ahead of a speech of the Bank of Japan Governor Haruhiko #Kuroda. Later today a lot of statistics will be released in the United States, as well as two #FOMC members will speak. Find out more by checking out the Source Link...
AUDUSD: AUDUSD closed lower to reverse its previous week gains and open the door for more decline the past week. But we are cautious of the 0.6911/0.6899 zone acting as a strong support. If that is able to hold off further downside pressure, we should see the pair return to the upside...
